New Apple CEO John Ternus chalks up some early wins, but the honeymoon is over

Apple reported quarterly earnings that beat analyst expectations on Monday, but the results were overshadowed by surging memory chip costs and investor skepticism about the company's new Siri AI product. New CEO John Ternus, who succeeded Tim Cook, has notched early wins since taking the helm, though observers say the honeymoon period is ending. Rising memory prices threaten to pressure Apple's margins at a time when the company is trying to convince investors that its AI strategy can drive the next growth cycle. The market's reaction suggests investors want more than cost discipline from Ternus, with attention shifting to execution on artificial intelligence. Watch for how Apple addresses memory cost headwinds in upcoming guidance and whether it provides a clearer roadmap for Siri's AI capabilities.